Interim Financial Report Q1 2026

In the first quarter of 2026, Jyske Realkredit generated a net profit of DKK 582m against DKK 575m in the corresponding period of last year.

Administration margin income etc. rose to DKK 670m in the first quarter of 2026 against DKK 660m in the first quarter of 2025. The increase was due to a rising loan portfolio.

Other net interest income declined to DKK 148m from DKK 208m in Q1 2025, which can primarily be attributed to the declining interest-rate level.

Net fee and commission income, etc. amounted to an income of DKK 36m against DKK 4m in the first quarter of 2026. The increase was due to a combination of higher fee income from lending activity as well as lower distribution fees to Jyske Bank.

Value adjustments, etc. amounted to an income of DKK 21m against an income of DKK 26m in the corresponding period of last year and relate to Jyske Realkredit’s securities portfolios. Considering the turbulent market conditions in Q1 2026, a positive value adjustment of DKK 21m is regarded as satisfactory.

Costs rose to DKK 113m compared with DKK 109m in the same period last year, partly due to sector-wide salary increases.